A new trading day began on Tuesday, with Cinemark Holdings Inc (NYSE: CNK) stock price down -0.79% from the previous day of trading, before settling in for the closing price of $17.73. CNK’s price has ranged from $13.19 to $19.85 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 26.07%. Meanwhile, its annual earnings per share averaged -48.60%. With a float of $108.55 million, this company’s outstanding shares have now reached $121.60 million.
Considering the fact that the conglomerate employs 17500 people, you should pay attention to its efficiency factor.
Cinemark Holdings Inc (CNK) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Cinemark Holdings Inc is 10.72%, while institutional ownership is 117.71%. The most recent insider transaction that took place on Feb 28 ’24, was worth 328,183. In this transaction Chief Marketing & Content Ofc of this company sold 19,593 shares at a rate of $16.75, taking the stock ownership to the 179,591 shares.
Cinemark Holdings Inc (CNK) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.15 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -48.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -6.07% drop over the previous five years of trading.
Cinemark Holdings Inc (NYSE: CNK) Trading Performance Indicators
Here are Cinemark Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70. Likewise, its price to free cash flow for the trailing twelve months is 7.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.24, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach 1.60 in one year’s time.
Technical Analysis of Cinemark Holdings Inc (CNK)
Compared to the last year’s volume of 3.12 million, its volume of 1.78 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.57%. Additionally, its Average True Range was 0.57.
During the past 100 days, Cinemark Holdings Inc’s (CNK) raw stochastic average was set at 72.97%, which indicates a significant increase from 26.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.20% in the past 14 days, which was higher than the 33.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.03, while its 200-day Moving Average is $16.06. Nevertheless, the first resistance level for the watch stands at $17.87 in the near term. At $18.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.29. If the price goes on to break the first support level at $17.44, it is likely to go to the next support level at $17.30. Should the price break the second support level, the third support level stands at $17.02.
Cinemark Holdings Inc (NYSE: CNK) Key Stats
With a market capitalization of 2.14 billion, the company has a total of 121,590K Shares Outstanding. Currently, annual sales are 3,067 M while annual income is 188,200 K. The company’s previous quarter sales were 638,900 K while its latest quarter income was -18,000 K.
